LAKE HAVASU CITY, ARIZ. – Marcus & Millichap has presided over the $5 million trade of the Lake Havasu RV & Boat Storage, a self-storage facility located at 1808 Victoria Farms Road in Lake Havasu City. Built and opened in October 2007, the property consists of 149,340 square feet of fully enclosed boat and RV units and 54,970 square feet of traditional self-storage units. Marcus & Millichap’s Nicholas Walker, Chico LeClaire, Jacob Steele and Andy Glinski represented both the limited-liability-company buyer and the financial-institution seller in the transaction.
GOODYEAR, ARIZ. — Jones Lang LaSalle has completed a 153,000-square-foot warehouse lease for Schoeller Arca Systems at 17300 W. Broadway Road in Goodyear. Terms of the deal were not disclosed. The 100-year-old, Netherlands-based global market leader in the manufacturing of sustainable plastic packaging systems will occupy the one-story warehouse/manufacturing property sometime in second quarter. Jones Lang LaSalle’s Anthony Lydon and Marc Hertzberg represented Robert Engle, SAS’s president, in the long-term industrial lease. Dan Calihan and Pat Feeney of CB Richard Ellis represented the landlord, BET Investments.
NORTH EAST, MD. — Two leases totaling 134,400 square feet were signed at 4 Center Dr., a 345,600-square-foot Class A industrial distribution building in North East. The GSA leased 76,800 square feet for the Department of Health and Human Services, and Pennsylvania-based Herr's leased an additional 57,600 square feet to expand their current 96,000-square-foot space. Ned Brady and Matthew Laraway of Cushman & Wakefield's Baltimore, Md. office represented the landlord, Northeast Commerce Center and Herr's. The GSA was self-represented.
HIGH RIDGE, MO. — David French c/o Mediquip Parts Plus has purchased an industrial building in High Ridge. The 34,526-square-foot property is located at 4639 Waldo Industrial Dr. Kevin McKeon of NAI DESCO represented the buyer; Paul Nagel and Rudy Stinnett of Gundaker Commercial Group represented the seller, L M & N Building LLC, in the transaction. Terms of the sale were not released.
BURLINGTON, WIS. — Wildcat LLC has completed the disposition of a 13,650-square-foot industrial building, which is located at 762 Brookview Ave. in Burlington. Wisconsin Fluid Systems, which specializes in centrifuge filtration systems and biodiesel processing equipment, acquired the property for an undisclosed price. John Henderson and Vytau Barcas of NAI MLG Commercial represented the seller; Joe Busch of Bear Realty represented the buyer in the transaction.
MAHWAH, N.J. — NAI James E. Hanson has brokered the sale of a 50,000-square-foot retail/warehouse building located at 270 Route 17 South in Mahwah for $3.77 million. NAI's Kenneth Lundberg represented the buyer, Mahwah Realty LLC. Sussanne Newmark and Nancy Glick of Newmark Associates represented the seller, MJ Mahwah Properties.
REDLANDS, CALIF. — BlackRidge Real Estate Group LLC has acquired a 147,677-square-foot industrial building, located at 1455 Research Drive within the Redlands Business Center in Redlands, from Bixby Land Co. for $7.38 million. Voit Real Estate Services’ Frank Geraci and Walt Chenoweth represented the buyer in the transaction, and Jones Lang LaSalle’s Ruben Goodsell, Michael McCrary and Peter McWilliams represented the seller. Built in 2006 and 50 percent leased at the time of sale, the one-story, freestanding, concrete tilt-up building features 30 dock-high doors, three ground-level ramps and 6,000 square feet of office space.
VALLEJO AND MORGAN HILL, CALIF. — Strategic Storage Trust Inc. has acquired two properties in the San Francisco Bay Area, totaling approximately 1,350 units, for an aggregate price of $14.09 million. Located at 3480 Tennessee Street in east Vallejo, the 860-unit property consists of approximately 75,000 rentable square feet across seven single-story buildings on about 4.1 acres. Located at 222 San Pedro Ave. in Morgan Hill, the 490-unit property consists of 61,000 rentable square feet spanning three single-story buildings on approximately 3 acres. Built in 2001 and 1997, respectively, the new sites will be re-branded under the SmartStop Self Storage trade name. Holliday Fenoglio Fowler LP’s Aaron Swerdlin represented the sellers in the transaction.
NEWTON, IOWA — A Minnesota-based manufacturer has acquired a 175,000-square-foot industrial building located Newton Business Center in Newton for an undisclosed price. The buyer plan to use the property for manufacturing of folding cartons. The rail-served business center offers generous ceiling heights, cranes, heavy power and loading docks. Chris Pendroy and Kermit Marsh of Terrus Real Estate Group in Des Moines, Iowa, represented the seller, Los Angeles-based Industrial Realty Group, in the transaction.
PORTLAND, ORE. — Marcus & Millichap has presided over the $5.65 million trade of the 81,344-square-foot Cascade Business Park, an industrial property located at 19606 NE San Rafael Street in Portland. Originally built in 2000, the property is 100 percent leased as a storage and distribution center for a food company. Marcus & Millichap’s Michael Kapnick and Ryan O'Leary represented both the limited-liability-company buyer and the private-investor seller in the transaction.